Powell's speech highlights: too much buying in the past, now it's time to turn to a different approach.
The latest speech by Federal Reserve Chairman Powell contains a lot of information.
In simple terms, it means acknowledging that too much liquidity was provided in the past, and now they are preparing to gradually pull back, and the next step may involve paying more attention to employment.
1. Looking back: Generously admitting "the money was given out late"
Powell said that the crazy money printing (quantitative easing) to save the market during the pandemic in 2020 was necessary, b